Glencore (OTCMKTS:GLNCY) Stock Moved Down to “Strong Sell” by Zacks Research

Glencore (OTCMKTS:GLNCY – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Glencore in a research report on Thursday, July 2nd. Barclays reiterated an “overweight” rating on shares of Glencore in a research report on Tuesday, July 7th. Morgan Stanley restated an “overweight” rating on shares of Glencore in a research report on Monday, August 24th. The Goldman Sachs Group raised Glencore from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Finally, UBS Group upgraded Glencore from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.30.

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Glencore Stock Performance

Shares of OTCMKTS GLNCY opened at $14.64 on Monday. The firm’s 50-day simple moving average is $15.31 and its 200 day simple moving average is $14.95. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77. Glencore has a 12-month low of $8.66 and a 12-month high of $17.05.

Glencore Company Profile

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Glencore plc is a diversified natural resources company involved in the production, processing, marketing and distribution of commodities. Its activities span metals and minerals, energy products and agricultural products, serving industrial customers and consumers around the world through a global network of assets, offices and logistics operations.

The company produces and markets commodities including copper, cobalt, nickel, zinc, lead, ferroalloys and coal. It also participates in the marketing and distribution of crude oil, refined petroleum products and other energy-related commodities.

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